Price for Styrene Polymers; Waste, Parings and Scrap in Bangladesh - 2022

Contents:

1. Price for Styrene Polymers; Waste, Parings and Scrap in Bangladesh (CIF) - 2022
2. Price for Styrene Polymers; Waste, Parings and Scrap in Bangladesh (FOB) - 2022
3. Imports of Styrene Polymers; Waste, Parings and Scrap in Bangladesh
4. Exports of Styrene Polymers; Waste, Parings and Scrap in Bangladesh

Price for Styrene Polymers; Waste, Parings and Scrap in Bangladesh (CIF) - 2022

The average import price for styrene polymers; waste, parings and scraps stood at $1,058 per ton in 2022, leveling off at the previous year. Overall, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for styrene polymers; waste, parings and scraps decreased by -7.0% against 2017 indices. The pace of growth appeared the most rapid in 2017 an increase of 65%. As a result, import price reached the peak level of $1,138 per ton; afterwards, it flattened through to 2022.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($1,065 per ton), while the price for the United States stood at $645 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+3.0%).

Price for Styrene Polymers; Waste, Parings and Scrap in Bangladesh (FOB) - 2022

In 2022, the average export price for styrene polymers; waste, parings and scraps amounted to $69 per ton, reducing by -26.9% against the previous year. Over the period under review, the export price showed a abrupt decrease. The pace of growth appeared the most rapid in 2013 when the average export price increased by 39% against the previous year. The export price peaked at $758 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($137 per ton), while the average price for exports to Hong Kong SAR stood at $6.2 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+144.0%), while the prices for the other major destinations experienced a decline.

Imports of Styrene Polymers; Waste, Parings and Scrap in Bangladesh

For the fourth year in a row, Bangladesh recorded growth in supplies from abroad of styrene polymers; waste, parings and scraps, which increased by 80% to 323 tons in 2022. Overall, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 80%. Over the period under review, imports of attained the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, imports of styrene polymers; waste, parings and scraps skyrocketed to $342K in 2022. Over the period under review, imports showed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 78%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in years to come.

Top Suppliers of Styrene Polymers; Waste, Parings and Scrap to Bangladesh in 2022:

1. India (316.5 tons)
2. United States (6.5 tons)

Exports of Styrene Polymers; Waste, Parings and Scrap in Bangladesh

For the fourth consecutive year, Bangladesh recorded growth in shipments abroad of styrene polymers; waste, parings and scraps, which increased by 20% to 19 tons in 2022. The total export volume increased at an average annual rate of +10.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of styrene polymers; waste, parings and scraps fell to $1.3K in 2022. In general, exports, however, showed a abrupt shrinkage. The smallest decline of -12% was in 2021.

Top Export Markets for Styrene Polymers; Waste, Parings and Scrap from Bangladesh in 2022:

1. Hong Kong SAR (9.7 tons)
2. China (9.0 tons)

Source: IndexBox Market Intelligence Platform